a customer at first community credit union uses their banks atm three times during the month. while…

a customer at first community credit union uses their banks atm three times during the month. while traveling, they use an out - of - network atm one time. after paying their electric bill, their balance drops below $0 until their next paycheck gets deposited into their account. what will be their total fees for the month? first community credit union: atm fee: $0 for in - network, $2 for out - of - network. overdraft fee: $10 for each occurrence. wire transfer fee: $10 for domestic transfers, $20 for international transfers. monthly maintenance fee: $0. minimum balance: $0. techcentral online bank: minimum balance: $0. monthly maintenance fee: $0. atm fee: $0 for in - network, $4 for out - of - network. overdraft fee: $10 for each occurrence. wire transfer fee: $5 for domestic transfers, $15 for international transfers. citywide bank: minimum balance: $500. monthly maintenance fee: $10. atm fee: $35 for in - network, $2 for out - of - network. overdraft fee: $15 for each occurrence. wire transfer fee: $15 for domestic transfers, $25 for international transfers.

a customer at first community credit union uses their banks atm three times during the month. while traveling, they use an out - of - network atm one time. after paying their electric bill, their balance drops below $0 until their next paycheck gets deposited into their account. what will be their total fees for the month? first community credit union: atm fee: $0 for in - network, $2 for out - of - network. overdraft fee: $10 for each occurrence. wire transfer fee: $10 for domestic transfers, $20 for international transfers. monthly maintenance fee: $0. minimum balance: $0. techcentral online bank: minimum balance: $0. monthly maintenance fee: $0. atm fee: $0 for in - network, $4 for out - of - network. overdraft fee: $10 for each occurrence. wire transfer fee: $5 for domestic transfers, $15 for international transfers. citywide bank: minimum balance: $500. monthly maintenance fee: $10. atm fee: $35 for in - network, $2 for out - of - network. overdraft fee: $15 for each occurrence. wire transfer fee: $15 for domestic transfers, $25 for international transfers.

Answer

Explanation:

Step1: Identify ATM - fee charges

The customer uses an out - of - network ATM three times. For First Community Credit Union, the out - of - network ATM fee is $5 per use.

Step2: Calculate total ATM fees

Since the fee per out - of - network ATM use is $5 and the customer uses it 3 times, the total ATM fees are $5×3 = $15.

Step3: Identify minimum balance fee

The customer's balance drops below $0. But the First Community Credit Union has a $0 minimum balance requirement and $0 monthly maintenance fee, so there is no minimum balance fee.

Step4: Calculate total fees

The total fees are just the ATM fees since there are no other applicable fees. So the total fees for the month are $15.

Answer:

$15